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Total Equity (Tables)
9 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Schedule of stockholders equity
The following table shows the changes in shareholders' equity for the three and nine months ended September 30, 2019 (in million, except per share amounts):
 
Common Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total Hubbell
Shareholders'
Equity
Non-
controlling
interest
BALANCE AT DECEMBER 31, 2018
$
0.6

$
1.3

$
2,064.4

$
(285.7
)
$
1,780.6

$
18.3

Net income


168.3


168.3

3.4

Other comprehensive (loss) income



6.0

6.0


Stock-based compensation

8.3



8.3


Reclassification of stranded tax effects


30.0

(30.0
)


Acquisition/surrender of common shares(1)

(8.8
)
(27.2
)

(36.0
)

Cash dividends declared ($0.84 per share)


(91.7
)

(91.7
)

Dividends to noncontrolling interest





(2.6
)
Directors deferred compensation

0.4



0.4


BALANCE AT JUNE 30, 2019
$
0.6

$
1.2

$
2,143.8

$
(309.7
)
$
1,835.9

$
19.1

Net income


130.7


130.7

1.9

Other comprehensive (loss) income



(16.0
)
(16.0
)

Stock-based compensation

5.2



5.2


Acquisition/surrender of common shares(1)

(5.8
)
(1.4
)

(7.2
)

Cash dividends declared ($0.84 per share)


(45.6
)

(45.6
)

Dividends to noncontrolling interest





(8.5
)
Directors deferred compensation

0.1



0.1


BALANCE AT SEPTEMBER 30, 2019
$
0.6

$
0.7

$
2,227.5

$
(325.7
)
$
1,903.1

$
12.5


(1) For accounting purposes, the Company treats repurchased shares as constructively retired when acquired and accordingly charges the purchase price against Common Stock par value, Additional paid-in capital, to the extent available, and Retained earnings. As a result of this accounting treatment, during the first nine months of 2019, $28.6 million of the purchase price paid for repurchased shares was allocated to retained earnings.

The following table shows the changes in shareholders' equity for the three and nine months ended September 30, 2018 (in million, except per share amounts):

 
Common Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total Hubbell
Shareholders'
Equity
Non-
controlling
interest
BALANCE AT DECEMBER 31, 2017
$
0.6

$
11.0

$
1,892.4

$
(269.8
)
$
1,634.2

$
13.7

Net income


158.6


158.6

3.6

Other comprehensive (loss) income



(15.7
)
(15.7
)

Stock-based compensation

9.5



9.5


ASC 606 adoption to retained earnings


0.6


0.6


Acquisition/surrender of common shares(1)

(18.0
)


(18.0
)

Cash dividends declared ($0.77 per share)


(84.6
)

(84.6
)

Dividends to noncontrolling interest





(2.8
)
Aclara noncontrolling interest





2.4

Directors deferred compensation

0.3



0.3


BALANCE AT JUNE 30, 2018
$
0.6

$
2.8

$
1,967.0

$
(285.5
)
$
1,684.9

$
16.9

Net income


113.6


113.6

1.1

Other comprehensive (loss) income



5.4

5.4


Stock-based compensation

3.9



3.9


Acquisition/surrender of common shares(1)

(6.7
)
(4.1
)

(10.8
)

Cash dividends declared ($0.77 per share)


(42.4
)

(42.4
)

Dividends to noncontrolling interest





(1.0
)
Directors deferred compensation

0.2



0.2


BALANCE AT SEPTEMBER 30, 2018
$
0.6

$
0.2

$
2,034.1

$
(280.1
)
$
1,754.8

$
17.0


(1) For accounting purposes, the Company treats repurchased shares as constructively retired when acquired and accordingly charges the purchase price against Common Stock par value, Additional paid-in capital, to the extent available, and Retained earnings. As a result of this accounting treatment, during the first nine months of 2018, $4.1 million of the purchase price paid for repurchased shares was allocated to retained earnings.